Form 4: Lennox International Executive Acquires Stock Appreciation Rights
SEC Form 4 Filing
Daniel M. Sessa, EVP and Chief HR Officer at Lennox International, reports acquisition of stock appreciation rights and common stock.
Summary
- On February 3, 2025, Daniel M. Sessa, EVP and Chief HR Officer of Lennox International Inc., acquired 579 shares of common stock at $0 and 1,369 non-qualified stock appreciation rights at a price of $0.
- Sessa also disposed of 32,213 shares of common stock.
- Following these transactions, Sessa directly owns 32,213 shares of common stock and 1,369 derivative securities.
- One third of the Stock Appreciation Rights will become exercisable on 02/03/2026 and each year thereafter, with the entire grant fully exercisable on 02/03/2028.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction: Acquisition of common stock and stock appreciation rights, and disposal of common stock. |
| 02/03/2026 | One third of the Stock Appreciation Rights will become exercisable. |
| 02/03/2028 | The entire grant of Stock Appreciation Rights will become fully exercisable. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Lennox International, Stock Appreciation Rights, Daniel M. Sessa, Insider Trading, Executive Compensation, Equity Securities
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